Which of the following is not a related party transaction?
A) Acme Corporation leases office space to Norton Company. Mr. and Mrs. Norton own Norton Company and 65% of Acme Corporation's stock.
B) BBD Inc. licenses a patent from Nugo Inc., which owns 82% of BBD's outstanding stock.
C) Beth Teal pays $15,000 a year to her gardener, Ben. Beth is Ben's grandmother.
D) All the transactions are between related parties.
Correct Answer:
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